Friday, October 26, 2012

Weekly Forex Update-- Let the selling begin!

This week has been on the crazy side with equities significantly selling off with the Dow having its worst day since June will falling over 250 points.  There continues to be fear in the markets with poor earnings and even poorer projections of what to really expect to see in the market as far as growth is concerned.
I would look for some continued downplay with Gold and Stocks especially until things get settled with this election and who the next President of the United States will be.

The Euro made a nice 70 pip push to the downside on Friday but ran out of steam and retraced all the way back up and into more consolidation for over the weekend.   GDP numbers were more encouraging today up to 2.0% instead of the projected 1.9% and allowing the markets a little breathing room.


I'm still looking bearish on the markets right now and believe we will see some continued strength with more Sellers stepping in and the markets falling lower.  Keep an eye out for this, and with options expiring to the downside.

have a great weekend!

-david



Need a part time job? --or-- Learn how to make extra money for the holidays


The leaves have turned golden, there's a crisp in the air from a Northern wind and you can be certain winter is on the way..  And not too far is Thanksgiving, and Christmas right after.  And believe me that means more Dinero right?

When thinking about making some extra cash everyone first has to ask the question,  what do I need really to make? What is a little extra to you may be $100 or to the next guy an extra $25 could go a long way if spent right.

Well let's dive in and look at some great possibilities that I use to make that extra cash:

Option #1: 
**Its nothing new but running a blog and/our doing Affiliate Marketing, and getting traffic to that blog/Ads and monitizing it is very effective. One of my blogs you can check out is (freeworshipcharts.com). I have sold thousands of dollars of vocal products on this blogger site, with free hosting. And actually just had another sale come through right before I started writing this at 2am! I make anywhere between $25-50/sale.
Advantages: Residual income, Super low cost to run(Only Pay for domain as overhead), help people online, build a community of like minded people etc.
Disadvantages: Can take months to establish quality SEO traffic, requires regular maintenance and up keep. And some trial and error to see what your traffic will really buy and click on your ads!
Option #2: 
**Learn How to trade FOREX and OPTIONS
This is a serious education to do this well without loosing your shirt but I've discovered some much easier ways to do this and make some cash-- even for a beginner to learn..
Advantages: After good trades are made the income is already in your account, no waiting to be paid. Just whenever you need withdrawal the cash to your bank.
Disadvantages: Requires a minimum of $1000 investment to start. Have to be regular at getting up when the markets open for New York Session at 8:30am and be ready to trade when set-ups occur. Requires good money management skills and the ability to take your loses and wins without your nerves falling apart :)
Option #3: 
**Medical Transcription
this is a lucrative job where you can work from home listening to a doctors audio samples and typing it all out for his patients. Average salary is $30-40k/yr.
My wife has a friend (who is a single Mother of two) in her office where she's also a real estate agent but this is her main source of income. She only works 3hrs a day from home and than she's done for the day..
Advantages: great pay, work from home, flexible hours and schedule, Companies with still hire a beginner if they have Certification
Disadvantages: The better jobs like to hire someone with a Certification in Transcription and have experience, need to be able to type fast and be pretty accurate.
Option #4: 
**Write Online Articles
Many quality sites like (textbroker.com) and (iwriter.com) will pay $3-$25 per 500 words article. There is so many folks needing quality content for their websites etc. they will pay pretty good if you love to write and have the time.
Advantages: work from home, total freelance position, private deals and exclusive opportunities for great writers.
Disadvantages: Can Require time to understand subject matter, and write quality article. Articles have to be approved by clients before any payment is sent. Have to work your way up to be given higher paying writer jobs
Option #5: 
**Fiverr.com
There are thousands of people on here doing the craziest stuff and making some great cash. Routenly, I will hire folks on here if I need some work done for pretty cheap but don't think people aren't making money. If you have a skill or something creative that you can do very easily and there's demand.. You could have 20 or 30 orders in one day of everyone paying $5 for your special thing.
I hope this helps, I will keep you updated with any new legit opportunities --  so don't stray far.
best,
-david

Saturday, October 20, 2012

Dow Falls Over 200 points- Worst Day Since May- Where to Next?

Well what a week,  more selling sentiment in the markets, dollar was a little up, historical presidential election just weeks away and markets aren't weathering well with home sales taking a hit.  There is allot of fear we could see a steep move down even further in the Euro if we can't hold the 1.2652 level.  Technicals are mixed really from my point of view- we definitely could head back up but the sentiment in the market isn't really good and I believe allot more will be seen after this election is over.  I believe if Romey is elected we could see some rallying in the Markets but if Obama is re-elected we could see historic decline,  like back to 2008 levels added with much fear in the market.

In the wake of Obamacare more companies like Olive Garden, Red Lobster have recently said they'll be letting go of a large amount of full time employees and hiring more part time employees to hopefully survive the onslaught of higher fees and taxation to continue doing business.  I believe this will become the norm with many employers with ObamCare being fully instituted.







Gold and Silver have fallen with Gold now at $1722.65 and from what I see the short players are setting up and looking to drive the price down with taking some quick profits.  Gold and Silver will always be a strong play as a hedge from the fall out of the Dollar and I believe some continued decline in the markets if we don't see some real fiscal change. 

(As a side note China continues to buy barrels of Crude with the Yuan dollar-  there currency of choice.  Also, the Yuan had a great rally this week hitting record highs with much speculation if Beijing is  behind the big move . read more here: http://www.reuters.com/article/2012/10/19/us-china-yuan-idUSBRE89I0J320121019
but ultimately this is a effort to eventually get out of the Dollar entirely.  This is nothing new, but I believe as America deepens itself into more debt that our GDP can't even cover the interest payments on-  Lenders like China will eventually have to call us on our debts that its time to pay up or there will be a significant move to leave the almighty Dollar and make their currency the next world currency.)



Have a great weekend everyone and get some rest!

-david

Friday, October 12, 2012

Worst day in the Markets Since Memorial Day- Weekly Forex Review

For three straight days we've seen negative gains in equities and witnessed the S&P 500 ending the week with -2.21% to close, worst since memorial day weekend with a close of 3.02% drop.  And on a personal note some major losses for me trading this week,  no fun that's for sure!

Gold crapped out today too with falling -13.23 or -0.749% closing around $1754.2
The only upside for the week with options expiring was we saw a Ok move in the EUR/USD with the Dollar falling and the Euro making a good move to the upside right into the 1.2992 resistance level and bouncing off for a nice short position.




I'm still believing to see a rebound with Gold and hopefully some better sentiment in the market this next week.  Have a great weekend everyone and get some rest!  I know I need it, time to catch up for me :)

-David

ps.  
On another note,  Don't know if you caught the VP debate on Thursday evening but you didn't miss much, actually it was probably the worst debate I've ever seen.  I tell you it wasn't a mystery about Joe Biden sticking his foot in his mouth about a thousand times, but honestly he showed the world how big of a low life he really is and that he lacks any class or even respect for the other opponent Ryan in the Debate.  Biden would not even let Ryan finish talking and would interject every time with some random negative comment.  You know regardless who's right in all this mess it just shows me the man does not even have enough decency to respect another human being for whatever they believe regardless if its his own thoughts or anybody else's.  The moderator did horrible job to even allow this to take place instead of cutting each candidate off when their time was over but instead she just let Biden be a jerk and I think she enjoyed it!     Well,   anyway I had enough and turned off the TV after about 25mins,  it wasn't even worth my time to watch...        Be well.




Friday, October 5, 2012

Unemployment Rate Drops from 8.1 to 7.8!! What the Heck?

This is just crazy everyone! with September numbers coming in for the month of August at a measly 96,000 jobs and today's numbers for September at 114,000 it doesn't make sense why all of a sudden we see unemployment drop this big!


Sep 7, 20121.68.1%8.3%8.3%
Aug 3, 20121.28.3%8.2%8.2%
Jul 6, 20120.88.2%8.2%8.2%
Jun 1, 20121.88.2%8.1%8.1%
May 4, 20121.18.1%8.2%8.2%

Again, this doesn't add up to see such a huge unemployment change from 8.1 down to 7.8- like I've been saying since the beginning of this year (WE Are NOW seeing Major Market Manipulation from the Fed to Favor Obama's re-election,) this is the only reason this came out with just 30 days away from the Presidential election. And with QE3 already in place it makes it seem believable this wasn't planned but once the market see's through all this BS watch for a strong retracement and correction to the downside.

At the moment the AUD/USD is falling through the floor, while Cable is closely following and the EUR/USD is finally catching up to all the mess this morning.  I believe the market will rally for a bit but once it gets its fix, the correction to the downside will continue. 

Gold has taken a bit of a hit today falling back into the $1776 level but I'm still bullish on gold.  Look for this commodity to head much higher over coming days and weeks, I'm looking for a sustained move right through the 1800 resistance level and moving higher, there is no reason why not once the market corrects from this bogus news today and folks start selling the EURO heading into the Dollar and back into Gold for safety.

have a great weekend everyone, and as Perry Marshall says, "sleep with one eye open"

-david
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